Helical Bar has committed to forward purchase a new (4,000 m2 office building on Clifton Street in the Shoreditch district of London for 拢21 mln (鈧�25 mln).
Helical Bar has committed to forward purchase a new (4,000 m2 office building on Clifton Street in the Shoreditch district of London for 拢21 mln (鈧�25 mln).
The company will complete the freehold purchase upon practical completion of the construction, which is expected for summer 2015.
McLaren Property is the vendor and McLaren Construction will undertake the development.
'This purchase gives Helical further exposure to the dynamic Shoreditch market where we anticipate continued rental growth and tenant demand,' commented Duncan Walker, Investment director at Helical Bar. 'As a new build, it will complement our recent deals in the form of Maple House on City Road and New Loom House in Whitechapel, all of which present different asset management, letting or refurbishment opportunities.'
Tudor Toone advised Helical Bar.
